MOZ 0.00% 3.6¢ mosaic brands limited

Forget all the glossy 'marketing' figures.Go straight to the...

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CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,537 Posts.
    lightbulb Created with Sketch. 1114
    Forget all the glossy 'marketing' figures.
    Go straight to the balance sheet:
    Forget about 'cash on hand' as cash on hand has been increasing through not paying rent, hence the continued blow out on trade and other payables.

    Just do a quick liquid assets test:
    Current assets: $148m Current Liabilities: $202. Shortfall $54m = BIG DANGER for a company of this size and -ve $71 Net Assets.


    I had a small position last year but dumped it after half year results came out and this current asset shortfall became glaring.
 
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